Inventory is a resource needed to transform __________ into __________.
A)products; services
B)outputs; inputs
C)inputs; outputs
D)goods; products

Question

Quizplus · Accepted Answer

Inventory refers to the stock of raw materials, work-in-progress, and finished goods that a company holds. Raw materials, which are considered inputs, need to be transformed into outputs, which are finished products or goods. Therefore, inventory is a resource needed to transform inputs into outputs, making option C the correct choice. Option A is incorrect because goods are already finished products, so they cannot be transformed into services. Option B is also incorrect as it is unclear what the terms "outputs" and "inputs" refer to in this context. Option D is redundant as goods and products are essentially the same thing.

Inventory Is a Resource Needed to Transform __________ into __________

Inventory Is a Resource Needed to Transform into